WorldEconomics

A November to Remember

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This is one of those charts that do not make people happy, because its not based on delusion. I keep looking through charts and saw people predicting $45,000 - 200,000 bitcoin . I ask, what are those charts based off? I have called them "just because" charts.. as the authors usually say "because BTC has continuously rallied in price". But you never hear of good, solid fundamentals on why Bitcoin will rally over 1000%. There is no ground breaking breakthroughs in Bitcoin tech. There is no new mass adoption or utilization.

Let's face the facts:

  • Bitcoin utilizes an exorbitant amount of energy.
  • Bitcoin has consistently followed the stock market moves (which is overdue for another March style selloff)
  • Crypto-Currency Market is in a massive bubble, with over 7,000 coins all competing with each other. They all claim to do what they do, faster, cheaper, and better than the next.

I predict that between August and November you will see the following:

  • Rise in unemployment.
  • Rise in defaults, bankruptcies, foreclosures.
  • Rise in civil unrest and crime.
  • The largest sell off of equities ever seen.

Facts:

  • The EuroZone entered the Covid Pandemic already in recession. The Bloc economically is far worse than the United States, and the Euro Zone will be the first to fall.
  • The United States economy is by far much worse than 2008, even matching or eclipsing Great Depression levels in certain sectors and statistics.
  • All countries have pressed Maximum Print on their fiat printers, and will cause inflation world wide. We may see a short period of deflation, followed by hyper-inflation. Keep in mind, it took Zimbabwe to go from $1 denomination to $100,000,000,000,000 notes in just one year.
  • Proposed changes to society and laws will have a negative impact on society, causing further division and unrest.

We have studied not only economics but also demographics. And all I can say at this point is, it's been fun, those who made money with Bitcoin and stocks, congrats. November will be a time like we who are alive have never experienced before. Demographics and current events point to a calamity soon to take place not only in the United States but around the world. We will be a part of a global depression, in which we will see major fiat currencies like the US Dollar , Euro , Yen, and Yuan fail. The elite at the World Economic Forum have called for a global reset on money. I believe we will see a new world monetary standard established out of the crisis, as fiat will be a thing of the passed. China has already digitized their Yuan. We will see digital money, but, it will NOT be crypto-currency. We believe that crypto has been the worlds largest test of digital money. The creator coincidentally happens to be unknown, but, based on how crypto required extensive identification requirements and taxation, we can safely say this was a united government creation.

Just keep an eye out, remember this chart and prediction. This isn't a doom and gloom chart, or prediction.. this was taking a step back, monitoring current and passed events, adding demographics into the mix, as well as seeing what world leaders are calling for and making this prediction. Take it with a grain of salt, out right refuse it, it doesn't matter. Watch and see!
Trade active: Gold breaking out is proving that the US Dollar is in trouble. Jobless claims continue upwards, and things are just getting worse. Riots and protests have not stopped, even though they talk of a recovery. We will see a massive shaking up by November, with some sort of event coming in September.
Comment: November chaos is inevitable. If Trump wins re-election, these rioters will start burning, attacking, assaulting everything in sight. If Trump loses, America will be brought to its knees and will adopt socialism. A collapse is coming regardless.

Comments

Nice Heads-up!
We agree BTC is due for a correction to at least 8k before breaking to the upside.
The current low market interest might lead to a prolonged correction, and the more times we fail at breaking up, the more bearish BTC looks for the short-term. CME institutional traders’ net position remains similar to the level in mid-February 2020 (the BTC price peak before "black Thursday" 40% drop), and it has been dropping significantly since BTC attempted 10k. This makes it very hard to argue the short-term bull side.
Do you agree with our wave count?
+2 Reply
WorldEconomics Phi-Deltalytics
@Phi-Deltalytics, - I can't say between now and November, there won't be another rally. I believe we will see an event in September that will undoubtedly shake markets, then November will be a great panic.
Reply
Haha... Do u guys even make money or just predict the markets? Trend is your friend. I hope you would have heard of this before. So far technicals are strong, we buy bottoms and will sell to you guys when it will make highs. And when it goes opposite, trust me I will be the first one to short.
Also your chart have gaps. I hope u know there are no gaps in crypto's.
Reply
WorldEconomics thinkBig-trade
@thinkBig-trade, Technicals have nothing to do with demographics, geopolitical, social issues that WILL impact finances in every part of the world. It's why I said, take it with a grain of salt, I know what's coming so it doesn't bother me if anyone disagrees.
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Gr8 analysis thx. But how to get those blue Heikin Ashi candles pls?
Reply
@mpshopper, Why u need to know. His software is predicting the future and printing on the charts.
Reply
I can see BTC going to the $3000 levels in November but there is no way that there is that long of sideways chop in this tiny range. The 200 week moving average will be defended.
Reply
teamjakar teamjakar
@teamjakar, and that would be weekly close on the 200 which would mean insane volatility on a capitulation move as the 200 week would more than likely be around $7000. This would mean incredible volatility in and around that move
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The sky is falling, the sky is falling!

You were wrong in april. Seems like alot of doom in your charts.
Reply
@Token329, - Like I said, take it with a grain of salt it doesn’t change what’s coming. Demographics. History. Statistics. Current events ALL disagree with a delusion that things will be fine. That’s the difference. When we saw BTC go up, we called it. No one has a perfect record, but, this is different. This isn’t based on waves, channels, or typical chart indicators. Indicators never take into count realities of society, laws, and geopolitical events.
Reply
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